Realty Income Co. (NYSE:O) Receives Average Recommendation of “Hold” from Analysts

Realty Income Co. (NYSE:O) has earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $63.23.

Several brokerages have issued reports on O. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Scotiabank increased their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Stifel Nicolaus dropped their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Realty Income Trading Down 1.5 %

O opened at $52.60 on Friday. The stock has a 50-day moving average of $56.27 and a 200 day moving average of $58.32. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market cap of $46.04 billion, a P/E ratio of 50.10, a P/E/G ratio of 2.05 and a beta of 0.98.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. As a group, research analysts forecast that Realty Income will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.264 dividend. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. Realty Income’s dividend payout ratio is currently 300.95%.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Realty Income during the 3rd quarter worth $896,000. Code Waechter LLC purchased a new position in Realty Income during the third quarter worth about $1,308,000. Charles Schwab Investment Management Inc. boosted its holdings in Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Swiss National Bank grew its stake in shares of Realty Income by 1.4% in the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.